Ashtead Technology (LON:AT) Trading Down 1.7% – What’s Next?

Shares of Ashtead Technology Holdings Plc (LON:AT) were down 1.7% during trading on Monday . The company traded as low as GBX 526 ($6.44) and last traded at GBX 526 ($6.44). Approximately 108,839 shares changed hands during mid-day trading, The stock had previously closed at GBX 535 ($6.55).

Analysts Set New Price Targets

Separately, Berenberg Bank increased their price target on shares of Ashtead Technology from GBX 775 ($9.48) to GBX 800 ($9.79) and gave the stock a “buy” rating in a report on Thursday, October 24th.

Ashtead Technology Stock Performance

The company has a 50 day simple moving average of GBX 533.06 and a 200-day simple moving average of GBX 646.08. The company has a debt-to-equity ratio of 70.83, a current ratio of 1.82 and a quick ratio of 1.46. The stock has a market cap of £422.38 million, a P/E ratio of 1,753.33 and a beta of 0.28.

Insider Activity at Ashtead Technology

In other Ashtead Technology news, insider William(Bill) Mervyn FrewCarey Shannon bought 13,000 shares of the company’s stock in a transaction dated Thursday, November 28th. The shares were purchased at an average price of GBX 550 ($6.73) per share, for a total transaction of £71,500 ($87,493.88). 3.28% of the stock is currently owned by insiders.

About Ashtead Technology

Ashtead Technology Holdings Plc provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East. The company offers survey and robotics equipment comprising geophysical, hydrographic, metocean, land surveying, positioning, ROV sensors, non-destructive testing, subsea inspection, remote visual inspection, and environmental products.